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Worldline Spends 89 Million Euros to Get 100% Equity in MRL Posnet
October 10, 2017
Worldline, which is one of the largest payment services provider, said it has bought 100% stake in another payment platform MRL Posnet, for 89 million Euros.
MRL Posnet, which is headquartered in Chennai facilitates transactions amounting to as much as 1.13 billion Euros through its 100,000 payment terminals.
Deepak Chandnani, who is the CEO of the Middle East and South Asia division of Worldline said that MRI Posnet’s acquisition will play a key role in “accelerating” their growth. He added that it will increase the company’s “local technological expertise”.
